Fox Run Management L.L.C. Has $1.39 Million Position in Planet Fitness, Inc. (NYSE:PLNT)

Key Points

• Fox Run Management L.L.C. has significantly increased its stake in Planet Fitness by 561.3% in Q1, now holding a total of 14,371 shares valued at $1,388,000.
• Planet Fitness reported a quarterly earnings per share (EPS) of $0.86, exceeding analysts' expectations by $0.07, and its revenue grew by 13.3% year-over-year.
• The stock currently has a market cap of $9.03 billion, with institutional investors owning 95.53% of its shares, indicating strong investor confidence.

Fox Run Management L.L.C. lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 561.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,371 shares of the company's stock after purchasing an additional 12,198 shares during the quarter. Fox Run Management L.L.C.'s holdings in Planet Fitness were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. raised its position in Planet Fitness by 187.6% in the 1st quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock valued at $36,000 after purchasing an additional 242 shares during the last quarter. CoreCap Advisors LLC raised its position in Planet Fitness by 1,250.0% in the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock valued at $48,000 after purchasing an additional 450 shares during the last quarter. Farther Finance Advisors LLC raised its position in Planet Fitness by 291.0% in the 1st quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock valued at $50,000 after purchasing an additional 387 shares during the last quarter. Lazard Asset Management LLC bought a new position in Planet Fitness in the 4th quarter valued at $57,000. Finally, New Age Alpha Advisors LLC bought a new position in Planet Fitness in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Planet Fitness Stock Performance

NYSE:PLNT traded up $2.71 on Friday, reaching $107.55. The company's stock had a trading volume of 1,014,645 shares, compared to its average volume of 1,500,286. Planet Fitness, Inc. has a 1-year low of $77.77 and a 1-year high of $114.47. The firm has a market cap of $9.05 billion, a PE ratio of 47.80, a PEG ratio of 2.39 and a beta of 1.40. The business's 50-day moving average price is $107.83 and its two-hundred day moving average price is $101.91.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%. The firm had revenue of $340.88 million during the quarter, compared to analysts' expectations of $329.59 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Analysts Set New Price Targets

PLNT has been the subject of several research analyst reports. Macquarie reiterated a "neutral" rating and issued a $95.00 price objective on shares of Planet Fitness in a research report on Tuesday, May 13th. Raymond James Financial restated a "strong-buy" rating on shares of Planet Fitness in a research report on Thursday, August 7th. Stifel Nicolaus set a $120.00 target price on Planet Fitness and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their target price on Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Guggenheim restated a "buy" rating and set a $110.00 target price on shares of Planet Fitness in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.38.

Planet Fitness Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.